Today, he advises young entrepreneurs in Silicon Valley.īut while he was a major player in Hollywood, Ovitz also says he has some regrets about some of the tactics he used to succeed. He went on to serve as the president of The Walt Disney Company – a position where he only lasted about a year. Around the time he left, it was described as the most powerful talent agency in the industry. Mike Ovitz co-founded Creative Artists Agency in 1975, a company that managed clients in the movie, tv, music, and book businesses. Today’s guest played a major part in everything from Jurassic Park, to ER, to Prince’s Purple Rain movie. The movie, TV and music business might feel a world apart from the office you work in.īut there are lessons to be learned for anyone – about how to manage creativity and talent, about how to negotiate, and about how to get your product out there and build an audience. SARAH GREEN CARMICHAEL: Welcome to the HBR IdeaCast from Harvard Business Review. He’s the author of the new memoir Who Is Michael Ovitz?Įditor’s note: This post was updated to correct the title of Ovitz’s book. Ovitz says he now regrets some of the ways he approached business in his earlier years, and advises young entrepreneurs about what he’s learned along the way. But to get that work made, you have to have shrewd negotiating skills. When it comes to managing creatives, he says you have to have patience and believe in the work. Mike Ovitz, a cofounder of Creative Artists Agency and former president of The Walt Disney Company, says there are many parallels between the movie and music industry of the 1970s and 1980s and Silicon Valley today.
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